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Pinnacle expects increased headline earnings
Pinnacle’s shareholders are informed that, for the twelve months ended 30 June 2007, Pinnacle’s turnover increased by 67% to R1 772 740 (2006: R1 060 793), operating expense ratio’s reduced to 9.1% of turnover (2006: 9.5%) and Ebitda margins increased to 6.5% (2006: 6.4%). Earnings per share will be between 48.5c and 51.5c per share, being between 60% and 70% higher than the results of the comparative period (30 June 2006: 30.3c). Headline earnings are expected to be between 49.3c and 52.4c per share, being between 60% and 70% higher than the results of the comparative period (30 June 2006: 30.8c). Fully diluted headline earnings per share are expected to be between 39.8 and 42.5c per share, being between 35% and 44% higher than the results of the comparative period (30 June 2006: 29.5c). The company’s financial results for the 12 months ended 30 June 2007 are expected to be published on or about 21 September 2007.
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